North Korean hackers have turned meme coins into money-laundering tools!
Six tokens exposed! They minted their own worthless coins and wash-traded them back and forth—their money-laundering scheme is seriously devious.
Elliptic revealed that North Korea’s TraderTraitor hacking group specializes in issuing large batches of worthless meme coins with no external trading activity. They set up liquidity pools on $TRX , $SOL , and $NEAR to move stolen Binance funds through them.
The process is simple: one set of wallets uses stolen assets to buy tokens, while another set of controlled wallets sells them at the same time. Instead of transferring funds directly between addresses, they disguise the stolen money as legitimate trading activity.
On the NEAR chain, from November 5 to 7, they minted six tokens in one go: FUK, OLCCL, MEILI, MMLI, DABI, and SINU. About 117,000 stolen NEAR were circulated, worth roughly $430,000. After the 8th, trading stopped completely and the liquidity was withdrawn.
When you’re trading meme coins lately, those obscure coins that suddenly pump and then disappear may not be backed by a market maker—they could be money-laundering channels 😂.
#黄仁勋因婚外情致歉，英伟达启动独立调查
Six tokens exposed! They minted their own worthless coins and wash-traded them back and forth—their money-laundering scheme is seriously devious.
Elliptic revealed that North Korea’s TraderTraitor hacking group specializes in issuing large batches of worthless meme coins with no external trading activity. They set up liquidity pools on $TRX , $SOL , and $NEAR to move stolen Binance funds through them.
The process is simple: one set of wallets uses stolen assets to buy tokens, while another set of controlled wallets sells them at the same time. Instead of transferring funds directly between addresses, they disguise the stolen money as legitimate trading activity.
On the NEAR chain, from November 5 to 7, they minted six tokens in one go: FUK, OLCCL, MEILI, MMLI, DABI, and SINU. About 117,000 stolen NEAR were circulated, worth roughly $430,000. After the 8th, trading stopped completely and the liquidity was withdrawn.
When you’re trading meme coins lately, those obscure coins that suddenly pump and then disappear may not be backed by a market maker—they could be money-laundering channels 😂.
#黄仁勋因婚外情致歉，英伟达启动独立调查
